EUR/USD Approaching Resistance, Prepare For Reversal

The EUR/USD pair is approaching its resistance at 1.1424 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it is expected to reverse down to its support at 1.1373 (61.8% Fibonacci retracement, horizontal pullback support).

Stochastic (55, 5, 3) is nearing its resistance at 95% where a corresponding reversal is anticipated.

EUR/USD is approaching its resistance where we expect to see a reversal.

Sell below 1.1424. Stop loss at 1.1456. Take profit at 1.1373.


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